Live Management: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Live Management
Largest movements
- Receivables within one year +€9,999
up €9,999 (+15.1%), from €66,374 to €76,373
of which Other amounts receivable: +€10,530
- Tangible fixed assets -€4,537
down €4,537 (-12.8%), from €35,410 to €30,873
of which Plant, machinery and equipment: -€3,165
- Cash +€1,357
up €1,357 (+10.8%), from €12,526 to €13,883
mainly Net result for the year (+€30,115) and Tax, wage and social debts (+€11,829)
- Tax, wage and social debts +€11,829
up €11,829 (+164.8%), from €7,177 to €19,006
- Trade debts +€6,801
up €6,801 (+42.1%), from €16,153 to €22,954
- Current portion of long-term debt -€4,642
down €4,642 (-65.3%), from €7,110 to €2,468
- Other debts -€4,359
down €4,359 (-12.4%), from €35,088 to €30,729
- Debts after one year -€2,468
down €2,468 (-100.0%), from €2,468 to €0
- Taxes +€9,884
up €9,884 (+243.7%), from €4,056 to €13,940
- Gross operating margin +€4,391
up €4,391 (+8.0%), from €54,700 to €59,090
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,409 | €121,685 | +€7,276 | +6.4% |
| Fixed assets | 21/28 | €35,410 | €30,873 | -€4,537 | -12.8% |
| Tangible fixed assets | 22/27 | €35,410 | €30,873 | -€4,537 | -12.8% |
| Plant, machinery and equipment | 23 | €19,877 | €16,712 | -€3,165 | -15.9% |
| Furniture and vehicles | 24 | €548 | €1,452 | +€903 | +164.7% |
| Other tangible fixed assets | 26 | €14,985 | €12,710 | -€2,276 | -15.2% |
| Current assets | 29/58 | €78,999 | €90,812 | +€11,813 | +15.0% |
| Amounts receivable within one year | 40/41 | €66,374 | €76,373 | +€9,999 | +15.1% |
| Trade receivables | 40 | €28,237 | €27,707 | -€530 | -1.9% |
| Other amounts receivable | 41 | €38,136 | €48,666 | +€10,530 | +27.6% |
| Cash at bank and in hand | 54/58 | €12,526 | €13,883 | +€1,357 | +10.8% |
| Deferred charges and accrued income | 490/1 | €99 | €556 | +€457 | +460.1% |
| Total equity and liabilities | 10/49 | €114,409 | €121,685 | +€7,276 | +6.4% |
| Equity | 10/15 | €46,414 | €46,528 | +€115 | +0.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,414 | €16,528 | +€115 | +0.7% |
| Amounts payable | 17/49 | €67,996 | €75,157 | +€7,161 | +10.5% |
| Amounts payable after more than one year | 17 | €2,468 | €0 | -€2,468 | -100.0% |
| Financial debts | 170/4 | €2,468 | €0 | -€2,468 | -100.0% |
| Amounts payable within one year | 42/48 | €65,528 | €75,157 | +€9,629 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €7,110 | €2,468 | -€4,642 | -65.3% |
| Trade debts | 44 | €16,153 | €22,954 | +€6,801 | +42.1% |
| Suppliers | 440/4 | €16,153 | €22,954 | +€6,801 | +42.1% |
| Taxes, remuneration and social security | 45 | €7,177 | €19,006 | +€11,829 | +164.8% |
| Taxes | 450/3 | €7,177 | €19,006 | +€11,829 | +164.8% |
| Other amounts payable | 47/48 | €35,088 | €30,729 | -€4,359 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,896 | €9,465 | -€431 | -4.4% |
| Other operating charges | 640/8 | €4,767 | €5,115 | +€348 | +7.3% |
| Gross operating margin | 9900 | €54,700 | €59,090 | +€4,391 | +8.0% |
| Operating profit (loss) | 9901 | €40,037 | €44,511 | +€4,474 | +11.2% |
| Financial income | 75/76B | €895 | €1,447 | +€552 | +61.7% |
| Recurring financial income | 75 | €895 | €1,447 | +€552 | +61.7% |
| Financial charges | 65/66B | €2,119 | €1,903 | -€216 | -10.2% |
| Recurring financial charges | 65 | €2,119 | €1,903 | -€216 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €38,813 | €44,055 | +€5,242 | +13.5% |
| Income taxes | 67/77 | €4,056 | €13,940 | +€9,884 | +243.7% |
| Profit (loss) for the period | 9904 | €34,757 | €30,115 | -€4,642 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,757 | €30,115 | -€4,642 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.